siteguru
Distinguished Member
- Joined
- Sep 3, 2022
- Messages
- 9,008
- Solutions
- 3
- Reaction score
- 11,943
- Points
- 3,431
- Location
- Strathaven
- Driving
- MG4 SE SR
If you taxed in March '24 (like I did - it was previously taxed from 01-Nov-23 but I retaxed early in March '24) then you'll retax in March '25 at £0.
If your tax is due on or after 01-Apr-25 then you can also retax early* in March '25 and get £0 for the following 12 months. Yes you might be giving up some taxed period, but that taxation was £0 anyway so nothing lost.
If you don't try to retax early in March '25 then you'll 100% be liable for whatever is the taxation rate from 01-Apr-25 and thereafter.
Bottom line - all this method is doing is delaying when you become liable for the standard taxation rate.
* Unless the Gov close this loophole.
If your tax is due on or after 01-Apr-25 then you can also retax early* in March '25 and get £0 for the following 12 months. Yes you might be giving up some taxed period, but that taxation was £0 anyway so nothing lost.

If you don't try to retax early in March '25 then you'll 100% be liable for whatever is the taxation rate from 01-Apr-25 and thereafter.
Bottom line - all this method is doing is delaying when you become liable for the standard taxation rate.

* Unless the Gov close this loophole.